Home Back Issues July 2007 Deal Watch: a real deal for art in Portland

Deal Watch: a real deal for art in Portland

| Print |  Email
Archives - July 2007
Sunday, July 01, 2007

PNCA0707.jpg

Hallie Ford, timber baron widow and co-founder of the Ford Family Foundation, died last month at age 102. But before she passed on she put her mark on Portland with a gift so big it left arts fundraisers across the state breathless.

Ford’s $15 million donation is startup capital for the Pacific Northwest College of Art’s Ford Institute for Visual Education. Called FIVE for short, it’s an ambitious program that will launch Masters of Fine Art degree programs at the Pearl District art school and recruit big-name artists as visiting faculty. 

Under president Tom Manley, PNCA has lined up an advisory council of creative business leaders who all wax poetic about the impact that this new program will have on Portland and on Oregon.

“What we’ll see as a community is excellence. Interesting people are attracted to vital communities,” says Brad Cloepfil, founder of Allied Works Architecture. and a PNCA fan. “And that makes it easier to hire people, which is no picnic, by the way.”

Cloepfil sees FIVE  as an important continuation of a focus in Portland on what he calls the city’s “creative capital.” 

Of course, funding and conception is just the beginning, points out John Jay, another PNCA adviser and creative director at Wieden+Kennedy. To make a name for the FIVE program worldwide — which will be key to recruiting top-shelf artists to come teach at the school and live in Portland — will take strategic marketing. But thanks to the late Mrs. Ford at least PNCA has some cash to get started. 

— Christina Williams

REAL ESTATE TRANSACTIONS
ANNOUNCED BUYER (HQ) REAL ESTATE (LOCATION) SELLER PRICE
26-Apr Broadway Burnside (Portland) retail location (Portland) Katsam LLC (WA) $2.2m
30-Apr Guardian Management LLC (Portland) Arbor Park Apartments (Vancouver, WA) ND $11.5m
7-May NBS Real Estate Capital (Portland)/Morrison Street Fund II LP office bldg. (CO) ND $8.63m
9-May The Cundari Family LLC industrial bldg. (Portland) Mark R. Madden (Beaverton) $1.1m
9-May JER Partners/J.E. Robert Cos. (VA) former TN Building (Portland) Fountain Village Development LLC $9m
13-May Pine Tree Institutional Realty LLC (IL) Hazel Dell Town Center (Vancouver,WA) Kimco Developers (CA) $59.8m
14-May Charter Construction (WA) office bldg. (Portland) Julie and Rick May (Tigard) $985,000
16-May DHS LLC office bldg. (Tigard) Central Bethany Development (Portland) $1.85m
18-May Vanderhouwen & Associates (Portland) Beall Macadam Building (Johns Landing) Beall Macadam Building LLC (Johns Landing) $2.07m
21-May Standard Steel Property LLC (Portland) 3.18-acre parcel (Portland) Hill Investment Co. (AZ) $4.8m
22-May RealNet Investments LLC (Portland) Bandera Trails Shopping Center (TX) ND ND
22-May NBS Real Estate Capital (Portland)/Morrison Street Fund II LP Centerpointe Business Park (WA) ND $11.5m
23-May Lane County (Eugene) Charnelton Building (Eugene) Oregon Development LLC $7.9m
29-May Opus Northwest LLC (MN) 14-acre site (Fairview) Sandy Blvd. Development Associates (Fairview) $2.9m
29-May Forest Rim VAF LLC Forest Rim Apartments (Tualatin) I&G Tualatin LLC (Tualatin) ND

CAPITAL RAISING
ANNOUNCED COMPANY (HQ) / LEADERSHIP INVESTOR PRICE TERMS
10-May MathStar Inc. (Hillsboro)/ Doug Pihl, chairman, president & CEO public offering $25m equity
15-May NW Hayden Enterprises (Tualatin)/ Bill Hayden and Richard Arthur, co-owners Aequitas Capital Management $1.175m equity
16-May Bend Tarp and Liner (Bend)/ Brad and Jan Elliott, co-owners Brad Everett, investor $3.5m sale-leaseback
22-May Pacific Northwest College of Art (Portland)/ Tom Manley, president Hallie E. Ford, co- founder, Ford Family Foundation $15m charitable gift
23-May StanCorp Financial Group (Portland)/ Eric E. Parsons, president & CEO public offering $300m debt
29-May Evolution Family Holdings LLC (Portland) RKM Development LLC $1.7m sale-leaseback

MERGERS AND ACQUISITIONS
ANNOUNCED EXP. CLOSE BUYER (HQ) SELLER (HQ)/PARENT PRICE (TERMS)
10-May Q3 ‘07 Barrett Business Services (Vancouver, WA) Strategic Staffing (UT) $12m (cash + earn-outs)
15-May Q1 ‘07 OCP (Portland) Liturgical Publications of St. Louis (MO) ND
23-May Q2 ‘07 Planar Systems (Beaverton) Runco International (CA) $36.7m (cash)
24-May Q2 ‘07 Xerox Corporation (CT) Copytronix (Portland)/Global Imaging Systems (FL) ND
25-May Q2 ‘07 NPG of Oregon (Bend)/News-Press & Gazette Company (MO) KFXO-LP (Bend)/Meredith Corporation (IA) ND

List researched by Mark Druskoff

ND=Not disclosed

Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

On fire

March 2014
Tuesday, February 25, 2014
BY JESSICA RIDGWAY

A self-proclaimed “chile head,” John Ford “grows, eats and does everything spicy.” 


Read more...

Q & A with Chuck Eggert

News
Thursday, March 06, 2014
03.06.14 thumb pacfoodsBY HANNAH WALLACE | OB BLOGGER

The founder of Pacific Foods talks about why his company has flown under the radar in Oregon, how saving a family-run chicken hatchery has helped his bottom line and why he thinks organic food is anything but elitist.


Read more...

What I'm reading: Brad Smith & Travis Boersma

March 2014
Tuesday, February 25, 2014

Brad Smith, founder of Hot Pepper Studios, and Travis Boersma, president of Dutch Bros. Coffee, share their recent reads.


Read more...

Fuel's gold

March 2014
Tuesday, February 25, 2014
BY SOPHIA BENNETT

The coastal town of Coos Bay appears poised to land every economic development director’s dream: a single employer that will bring hundreds of family-wage jobs and millions in tax revenue. 


Read more...

Eking out a living

News
Tuesday, April 08, 2014
04.08.14 thumb ourtable-coopfarmsBY HANNAH WALLACE | OB BLOGGER

It may be obvious, but most farmers don’t make a lot of money. According to preliminary data from the 2012 Agriculture Census, 52% of America’s 2.1 million principal farm-operators don’t call farming their primary occupation. Farm cooperatives may offer a solution.


Read more...

Are millennials reshaping politics in the Pacific Northwest?

News
Wednesday, April 02, 2014

MillennialsThumbA new report explores the impact of millennials on Oregon's business and political climate.


Read more...

How to handle the unexpected

Contributed Blogs
Friday, March 28, 2014
03.28.14 thumb disasterBY TOM COX | OB BLOGGER

The next mysterious (or disastrous) event could be one that you or your team might suddenly need to respond to, probably under intense scrutiny.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS